The geopolitical and trade tensions remain dominating this week because of last weekend's developments in a military strike against Syria, as well as continuing uncertainty about the China-US trade conflict.
Unlike last week, the economic calendar is full of important data and economic events as investors to watch the results of Wall Street businesses.
Here are the highlights of what the markets expect this week:
Tuesday - China's growth data
China will be one of the first major economies to announce GDP data for the first quarter of 2018. The economy is expected to grow by 6.7% after growing by 6.8% in the last quarter of 2017.
The Reserve Bank of Australia will publish the minutes of the last meeting, which it held interest rates at 1.50% for the 18th consecutive meeting.
In the UK, UK labor market will be released, and attention will be directed towards the average wage, which is expected to rise by 3% in the three months to February, including bonuses and by 2.8% excluding bonuses.
Wednesday - British inflation data
UK consumer price index is expected to slow to 2.6% in March, after slowing to 2.7% in February. Market expectations are rising for the BoE to raise rates next month for the second time since the 2008 financial crisis.
Eurozone inflation data will also be released in March and the CPI is expected to rise by 1.4%, the same as in February. Inflation is a key determinant of the course of the ECB bond purchase program.
New Zealand inflation data will also be released. The consumer price index is expected to rise by 0.5% in the first quarter of 2018 after rising by 0.1% in the last quarter of 2017.
In Canada, the central bank will announce its interest rate decision and is expected to keep it unchanged at 1.25%. The bank will publish the monetary policy report and will be followed by the press conference of Bank of Canada Governor Stephen Poloz.
Thursday - Australian labor market data
In Australia, labor market data will be released, and the economy is expected to add 31.5 thousand jobs in March after adding 17.5 thousand jobs in February. Unemployment is also expected to fall to 5.4% in March.
Japan's inflation data for March will be released as the core CPI is expected to slow slightly to 0.9% after rising by 1% in February.
Friday - Canadian inflation data
Inflation data is due to be released in Canada and the consumer price index is expected to rise by 2.3% in March.
